Europe Thermophotovoltaics Market Size, Share & Industry Trends Analysis Report By Type (Crystalline Photovoltaic Cells, Thin Film Photovoltaic Cells, Silicon Photovoltaic Cells, and Others), By Application, By Country and Growth Forecast, 2023 - 2030

Europe Thermophotovoltaics Market Size, Share & Industry Trends Analysis Report By Type (Crystalline Photovoltaic Cells, Thin Film Photovoltaic Cells, Silicon Photovoltaic Cells, and Others), By Application, By Country and Growth Forecast, 2023 - 2030


The Europe Thermophotovoltaics Market would witness market growth of 11.7% CAGR during the forecast period (2023-2030).

Researchers and private businesses have worked to examine the potential for using TPVs to generate power. In high-temperature manufacturing in the UK, the TPV system's ability to recover waste heat was discovered. the possibility of TPV heat recovery in the steel and glass manufacturing industries has been a popular research topic recently. According to estimates, a high-temperature body with a surface area of 27 m2 can use the TPV system to generate 270 kW of power in the glass manufacturing business.

As operating temperatures rise, TPV increases the application of concentrated solar power systems. TPV technology is anticipated to be advantageous for portable energy systems, which feature off-grid power and remote sensor options. These systems need dependable power sources that can sustain themselves. TPV devices are anticipated to offer a practical alternative for powering these applications in remote or challenging areas because of their small size and capacity for transforming ambient heat into energy.

The European Union is accelerating the deployment of solar PV in light of the energy crisis, with 38 GW installed in 2022. New regulations and goals outlined in the Green Deal Industrial Plan and the REPowerEU Plan are expected to have a substantial impact on solar PV investment in the coming years. Solar energy is identified as the key to the swift adoption of renewable energy in the EU Solar Energy Strategy, which was published by the European Commission in May 2022. In order to achieve a sizable portion of the global energy demand target (10 TW) set by the EU Strategic Energy Technology Plan by 2040–2050, the region is putting more emphasis on additional research and development on developing PV absorbers. This will diversify the portfolio of existing solar technologies. Hence, the increasing government support for renewable and efficient, and clean off-grid projects is aiding in the development of the regional market.

The Germany market dominated the Europe Thermophotovoltaics Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $13,506 Thousands by 2030. The UK market is exhibiting a CAGR of 10.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 12.5% during (2023 - 2030).

Based on Type, the market is segmented into Crystalline Photovoltaic Cells, Thin Film Photovoltaic Cells, Silicon Photovoltaic Cells, and Others. Based on Application, the market is segmented into Solar, Nuclear, Thermal Power Plant, Military, Off-Grid Generator, Portable Electronics, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Tesla, Inc., Schott AG (Carl-Zeiss-Stiftung), Abengoa, BrightSource Energy, Inc., Spectrolab, Inc. (The Boeing Company), Acciona SA, ACWA Power (Vision Invest), Azur Space Solar Power GmbH (5N Plus, Inc.), Microlink Devices, Inc. and Alta Devices (Hanergy Hi-Tech Power Limited)

Scope of the Study

Market Segments covered in the Report:

By Type
  • Crystalline Photovoltaic Cells
  • Thin Film Photovoltaic Cells
  • Silicon Photovoltaic Cells
  • Others
By Application
  • Solar
  • Nuclear
  • Thermal Power Plant
  • Military
  • Off-Grid Generator
  • Portable Electronics
  • Others
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
Companies Profiled
  • Tesla, Inc.
  • Schott AG (Carl-Zeiss-Stiftung)
  • Abengoa
  • BrightSource Energy, Inc.
  • Spectrolab, Inc. (The Boeing Company)
  • Acciona SA
  • ACWA Power (Vision Invest)
  • Azur Space Solar Power GmbH (5N Plus, Inc.)
  • Microlink Devices, Inc.
  • Alta Devices (Hanergy Hi-Tech Power Limited)
Unique Offerings from KBV Research
  • Exhaustive coverage
  • Highest number of market tables and figures
  • Subscription based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Thermophotovoltaics Market, by Type
1.4.2 Europe Thermophotovoltaics Market, by Application
1.4.3 Europe Thermophotovoltaics Market, by Country
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Europe Thermophotovoltaics Market by Type
4.1 Europe Crystalline Photovoltaic Cells Market by Country
4.2 Europe Thin Film Photovoltaic Cells Market by Country
4.3 Europe Silicon Photovoltaic Cells Market by Country
4.4 Europe Others Market by Country
Chapter 5. Europe Thermophotovoltaics Market by Application
5.1 Europe Solar Market by Country
5.2 Europe Nuclear Market by Country
5.3 Europe Thermal Power Plant Market by Country
5.4 Europe Military Market by Country
5.5 Europe Off-Grid Generator Market by Country
5.6 Europe Portable Electronics Market by Country
5.7 Europe Others Market by Country
Chapter 6. Europe Thermophotovoltaics Market by Country
6.1 Germany Thermophotovoltaics Market
6.1.1 Germany Thermophotovoltaics Market by Type
6.1.2 Germany Thermophotovoltaics Market by Application
6.2 UK Thermophotovoltaics Market
6.2.1 UK Thermophotovoltaics Market by Type
6.2.2 UK Thermophotovoltaics Market by Application
6.3 France Thermophotovoltaics Market
6.3.1 France Thermophotovoltaics Market by Type
6.3.2 France Thermophotovoltaics Market by Application
6.4 Russia Thermophotovoltaics Market
6.4.1 Russia Thermophotovoltaics Market by Type
6.4.2 Russia Thermophotovoltaics Market by Application
6.5 Spain Thermophotovoltaics Market
6.5.1 Spain Thermophotovoltaics Market by Type
6.5.2 Spain Thermophotovoltaics Market by Application
6.6 Italy Thermophotovoltaics Market
6.6.1 Italy Thermophotovoltaics Market by Type
6.6.2 Italy Thermophotovoltaics Market by Application
6.7 Rest of Europe Thermophotovoltaics Market
6.7.1 Rest of Europe Thermophotovoltaics Market by Type
6.7.2 Rest of Europe Thermophotovoltaics Market by Application
Chapter 7. Company Profiles
7.1 Tesla, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 SWOT Analysis
7.2 Schott AG (Carl-Zeiss-Stiftung)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 Abengoa
7.3.1 Company Overview
7.3.2 SWOT Analysis
7.4 BrightSource Energy, Inc.
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Spectrolab, Inc. (The Boeing Company)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 Acciona, S.A.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 SWOT Analysis
7.7 ACWA Power (Vision Invest)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 SWOT Analysis
7.8 Azur Space Solar Power GmbH (5N Plus, Inc.)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 SWOT Analysis
7.9 Microlink Devices, Inc.
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Alta Devices (Hanergy Hi-Tech Power Limited)
7.10.1 Company Overview
7.10.2 SWOT Analysis

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings